Boeing (BA) closed at $154.58 in the latest trading session, up +1.55% from the previous day. The stock outperformed the S&P 500, which posted a daily gain of 0.4%. Elsewhere, the Dow edged up 0.62%, while the tech-heavy Nasdaq gained 0.6%.

Shares of the aircraft maker have lost 10.83% over the past month, underperforming the Aerospace sector’s gain of 1.49% and the S&P 500’s gain of 1.71%.

Analysts and investors will be keeping a close eye on Boeing’s performance in its upcoming earnings release. The company is expected to report EPS of -$0.52, up 84.05% from the corresponding quarter last year. Meanwhile, our most recent consensus estimate is calling for revenue of $19.85 billion, up 9.66% from the prior-year quarter.

For the full fiscal year, the Zacks Consensus Estimates are projecting earnings of -$4.27 per share and revenue of $75.71 billion, representing changes of +26.51% and -2.68%, respectively. compared to the previous year.

Additionally, investors should keep an eye on recent analyst forecast revisions for Boeing. These revisions help demonstrate the ever-changing nature of near-term business trends. As a result, optimistic estimate changes suggest analysts have a positive outlook on the company’s business health and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we have developed the Zacks Rank, a quantitative model that takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a remarkable track record of outperformance as verified by third-party audits, with stocks rated #1 having an average generate an annual return of +25%. since 1988. Over the past 30 days, the Zacks Consensus EPS estimate has moved 0.33% lower. Boeing currently carries a Zacks Rank #4 (Sell).

The aerospace and defense industry is part of the aerospace sector. Currently, this industry has a Zacks Industry Rank of 33, putting it in the top 14% of over 250 industries.

The Zacks Industry Rank is ranked from best to worst in terms of the average Zacks Rank of the individual companies in each of these sectors. Our research shows that the top rated 50% of industries outperform the bottom half by a factor of 2 to 1.

To follow BA in the coming trading sessions, be sure to use Zacks.com.

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The Boeing Company (BA): Free stock analysis report

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